MSEDCL Floats Tender for 500 MW Intra-State Solar Projects

Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) has invited bids for 500 MW of the procurement of power on a long-term basis. In this tender, the power will be purchased through a competitive bidding process from this 500 MW intra-state grid-connected solar PV power project.

The last date for submitting the online bid is November 9, 2022, till 03:00 pm and the bid will be opened on the same day.

This MSEDCL 500 MW solar tender includes the scope of the work of setting up the solar plant of awarded capacity, including design & engineering, manufacture/procurement, supply, installation, testing, and commissioning including warranty obligation with comprehensive operation and maintenance. 

Each interested bidder will have to pay Rs. 25,000 (including 18% GST) as a cost of the tender document, which is non-refundable. Each interested bidder will also have to pay Rs. 3 Lakh per MW (including 18% GST) as a bid processing fee, which is also non-refundable. The awarded bidder must pay Rs. 4.72 lakhs per MW as an earnest money deposit. The selected bidder also must provide Rs. 12.98 Lakh/MW as a performance bank guarantee (PBG) after the issuance of the letter of intent and before signing the power purchase agreement (PPA). 

Projects must have a minimum bid capacity of 50 MW and a minimum project capacity of 25 MW at a single location. The maximum bid capacity is 500 MW, provided that technical and financial requirements are met. Additionally, the project capacity must exceed the minimum project capacity by multiples of 25 MW (25 MW).

A minimum annual turnover of Rs. 35.17 lakhs/MW of the quoted capacity during the previous financial year i.e. FY 2021-22. It is hereby clarified that “Other Income” as indicated in the annual accounts of the Bidder shall not be considered for arriving at the annual turnover. 

The Net-Worth of the Bidder for the financial year ended on 31.03.2022 shall not be less than Rs 1 (One) Crores per MW (of the capacity quoted). In the case of foreign companies, the applicable financial year shall be as per the applicable laws of the country of Incorporation.

Bidders can view/download this MSEDCL 500 MW of grid-connected solar tender documents and technical specifications here.

Recently, MSEDCL invited a Request for Selection (RfS) of 1000 MW (AC) solar power from projects to be developed in Maharashtra through a competitive bidding process.